This information is based on 2012/13 figures. Financial Support Financial Support is available to meet two main costs at University: Living Costs - e.g.

This information is based on 2012/13 figures

Financial SupportFinancial Support is available to meet two main costs at University:

Living Costs - e.g. rent, food, bills.

Tuition Fees: University of Sheffield - £9,000 Sheffield Hallam University - £8,500 University Campus Barnsley - £7'995 University Centre Doncaster - £6,000

Financial Support PackageFunding from Student Finance England

Maintenance Grant - up to £3,250Living Costs Loan - from £3,875 to £5,300Tuition Fee Loan - up to £9,000Extra Grants available for students with children and

students with disabilities.

Funding from your HEIFee waiversFee related bursariesScholarshipsAccess to Learning Funds

Eligibility for SupportTo qualify for Financial Support the student must meet two main criteria:

1) have been resident in the UK (and Islands) for three years prior to the start of your course.

2) do not already hold an honours degree. Previous study in HE may affect your entitlement.

- EU students can apply for tuition fee support if they have been resident in the EU for three years.

How To Apply?2012 entrants will apply to Student Finance England for funding.

Applications will be primarily on-line, but not exclusively.

Students can apply for their funding online at: www.direct.gov.uk/studentfinance

This website also contains lots of additional information and support for students including their Online Support Calculator

© The University of Sheffield / Department of Marketing and Communications

www.direct.gov.uk/studentfinanceGovernment Loans and Grants

Grants and BursariesMaintenance Grant/Special Support GrantFull £3,250 grant is payable if household income is under

£25,000. Partial grant is payable where income is between £25,001 and £42,000.

University BursariesCatherine will explain the schemes at Sheffield.

Student Loans Tuition Fee LoanTo cover Tuition Fees up

to £9,000.

Not Means Tested.

Paid directly to the University.

Fees do not need to be paid 'up front'.

Maintenance LoanTo cover Living Costs

£3,575 to £5,300 per year.

about 3/4 of this loan is not means tested.

May be reduced if you receive the Maintenance Grant.

How do Student Loans Work?Repayments start:

The April after you have finished your course. If you are earning over £21,000 per year.

Repayments are taken directly from wages (like Income Tax).

While studying, interest is set at 3% above inflation.

When you finish your course interest levels will vary depending on your earnings:- under £21,000 per year = inflation rate interest. - between £21,000 and £41,000 = inflation plus up to £3%.

The Government will write off any unpaid balance after 30 years.

£30

£142

Loan Repayment

£0

£40

£80

£120

£160

£200

£240

£21,000 £25,000 £30,000 £40,000

Yearly income

Month

ly R

ep

aym

en

t

£217

£50,000

£67

Student Loan Repayment

Access to Learning FundsThis Government scheme for current students is administered by the Financial Support Team. Assessments are made based on the student's income and outgoings and personal circumstances.

Priority is given to students:With children.With disabilities or medical conditions.Mature students (over 25).Entering HE from Care.

NB. It is expected that this scheme will continue in 2012

Disabled Students AllowanceNon Means Tested allowance to cover additional study related costs incurred due of disability.

Available to full time and part time students.

DSA may fund the following support as recommended in your Assessment of Need.- A specialist equipment allowance: may help purchase or rent any items of equipment you may need.- Non medical helpers allowance: may help pay for any

support such as interpreters, note takers.- General allowance: may help with minor costs such as photocopying or Braille.

University Pays!!

Both government commissioned and external studies have consistently found that, over his or her working life, the average graduate will earn comfortably over £100,000 more in today's valuation, net of tax, than a similar individual who achieved university entrance qualifications but did not go into HE.

University Pays (cont.)

The Office of National Statistics have found that degree holders earned an average of £12,000 a year more than non-graduates over the past decade.

11/04/23© The University of Sheffield / Department of Marketing and Communications

University of Sheffield Financial Support 2012

A range of bursaries and scholarships are available from The University of Sheffield. For more information go to:

www.shef.ac.uk/ssid/finance/ug

Students do not need to apply to the University. As long as they have been assessed for loans and grants we use the same information. Financial Support write to students at the end of Sept and if successful send payments to bank accounts at the end of Oct.

www.sheffield.ac.uk/bursaries

University bursaries and fee waivers

IMD –economically deprived areas as defined by the Government based on UK National Statistics.

Fee waivers partly funded by the National Scholarship Scheme.

Household Income Bursary each year 1st Year Fee Waiver

£18,000 or under £1400 Yes if from IMD postcode

£18,001 to £25,000 £1100 n/a

£25,001 to £30,000 £750 n/a

£30,001 to £35,000 £600 n/a

£35,001 to £42,000 £500 n/a

Students from Care £1600 Yes

11 Apr 2023 © The University of Sheffield

Note: Students who live at home during their studies will receive a reduced amount of maintenance loan.

Repayable financial supportFree money – yours to keep Living costs / Maintenance total

Assessed Household Income (£)

Living Cost Loan (£)

Living Cost Grant (£)

University Bursary

(£)

Living Cost Total (£)

18000* 3875 3250 1400 8525

25000 3875 3250 1100 8225

30000 4330 2341 750 7421

35000 4784 1432 600 6816

40000 5239 523 500 6262

42000 5262 120 500 5882

45000 5288 0 0 5288

50000 4788 0 0 4788

55000 4288 0 0 4288

60000 3788 0 0 3788

Loan, Grant & Bursary Chart for 2012-13

PT

earnings/Parent

s/other to top

up living cost

support

Part Time Work Opportunities Not only will a part-time job or vacation work give students extra cash, it

will also give them invaluable experience and confidence. The Student Jobshop can help students find part time work during term

time, vacations and for their year out on placement. We host a part-time work and volunteering recruitment fair in the

Autumn when local employers visit the university and interview students on campus.

The University is a regular employer of students too!

http://www.shef.ac.uk/careers/students/jobs/jobshop

11/04/23© The University of Sheffield / Department of Marketing and Communications

www.sheffield.ac.uk/moneytools

Budgeting “…overall annual costs are underestimated

by an average of £450.”

11/04/23

Contacts Student Finance England Tel: 0845 602 0583 (practitioners line) Tel: 0845 300 5090 (students line) Web: www.direct.gov.uk/studentfinance

www.practitioners.studentfinanceengland.co.uk

NHS Student Grants Unit Tel: 0845 3586655 Web: www.nhsstudentgrants.co.uk

Student Services/Financial Support (TUOS) Tel: 0114 222 1319 Web: www.shef.ac.uk/ssid/finance Email: [email protected]

Union Advice Centre Tel: 0114 222 8660 Web: www.shef.ac.uk/union/advice/ Email: [email protected]